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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    903 Kildaire Farm Rd Cary, NC 27511-3942

    • Investment properties
    • 1,716 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2023
    $950,000
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    2.4%
    Investment properties
    Location Intelligence
    Property ID
    US53-1988301
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brownlee Whitlow Praet & File, PLLC / Real Estate Attorney
    • Special Siblings / Association Or Organization

    Property Details for 903 Kildaire Farm Rd

    Year built
    1958
    Construction
    BRICK
    Lot size
    1.00 lot acres
    Property size
    1,716 SF
    Zone code
    OI
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0763.10-46-8796 0026803
    APU
    763104687960026803

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $905,000
      ML approach
      $970,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,157,000
      Market price range: $585k - $1.70M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,015,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $945,000
      Change: -7% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7809
    Latitude
    35.7742
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,597
    $302,721
    $156,053
    $458,774
    -
    $302,721
    $156,053
    $458,774

    Comparable in this City

    • Value Estimation
      $840,000
      4,180 SF

      317 Chatham St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,180 SF
      317 Chatham St, Cary, NC 27511-3245
      View Details
    • Value Estimation
      $1,790,000
      932 SF

      607 Chatham St

      OFFICE/RESIDENTIAL (MIXED USE) • 932 SF
      607 Chatham St, Cary, NC 27511-6910
      View Details
    • Value Estimation by Request
      2,824 SF

      311 Chatham St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,824 SF
      311 Chatham St, Cary, NC 27511-3428
      View Details
    • Value Estimation
      $520,000
      2,430 SF

      320 Academy St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,430 SF
      320 Academy St, Cary, NC 27511-3305
      View Details
    • Value Estimation
      $645,000
      4,196 SF

      119 Park St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,196 SF
      119 Park St, Cary, NC 27511-3315
      View Details
    • Value Estimation by Request
      2,715 SF

      217 Un St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,715 SF
      217 Un St, Cary, NC 27511-3763
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27.25 Acres

      Downtown Cary Redevelopment Opportunity

      27-acre mixed-use land, prime location.
      607 Cedar St, Cary, NC 27511
      View Details
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      7,328 SF

      Cary Retail Building - Investment Opportunity

      Prime Cary location, 7,328 sq ft, two-story retail building.
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      Cary Land For Joint Development

      Land for sale in Cary, NC, suitable for joint development.
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      View Details
    • Contact for pricing
      102 SF

      Retail Space in Downtown Cary

      Retail space in a mixed-use development in downtown Cary.
      352 South Walker St, Cary, NC 27511
      View Details
    • $1,375,000
      2.29 Acres

      Cary Parkway Land For Sale

      Land available along SW Cary Parkway suitable for various commercial uses.
      1016 Kilarney Ridge Loop, Cary, NC 27511
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    • $2,180,000
      8,701 SF

      Renovated Cary Office Suites

      Prime Cary location with renovated office suites.
      119 SW Maynard Rd, Cary, NC 27511
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    Similar Nearby for Lease

    • Contact for pricing

      Fenton Mixed-Use Destination Pad

      Pad ready for sublease in Cary's Fenton Gateway.
      1085 Fenton Gtwy Dr, Cary, NC 27511
      View Details
    • $425 /Mo
      400 SF

      Olde Cary Executive Office Suites

      Prime office spaces in a convenient, central Cary location.
      201 W Chatham St, Cary, NC 27511
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space with Patio

      Endcap retail space with patio, near major retailers and apartments.
      1005 Portrait Dr | Cary, Cary, NC 27511
      View Details
    • $21 SF/Yr
      15,512 SF

      Cary Medical Office Space Available

      Modern medical office suites in prime Cary location.
      105 Cary Pkwy, Cary, NC 27511
      View Details
    • Contact for pricing
      1 SF

      Two-Story Office Space Available

      1,015 SF office space for lease in Cary, NC.
      111 Adams St, Cary, NC 27511
      View Details
    • $23 SF/Yr
      25,012 SF

      Class A Office Space Available

      Class A office space for lease near MacGregor Village.
      114 Edinburgh South Dr, Cary, NC 27511
      View Details
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    903 Kildaire Farm Rd
    Cary, NC 27511-3942
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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